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I recommend: "Robust correlations between prices and labour values: a comment" by W. Paul Cockshott and Allin Cottrell in Cambridge Journal of Economics 2005, 29, 309–316 "The paper addresses Kliman’s criticisms of the observed correlations between prices and labour values. It argues that the notion of spurious correlation is not relevant in this case. It examines Kliman’s own simulations and shows that his statistical correction techniques involve dividing through by the signal to leave the noise." (my emphasis) It is clear like water to me. Saludos a todos Alejandro --
Posgrado Facultad de Economía Av. Universidad
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Circuito interior México 04510, DF
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- [OPE-L] Robust correlations between prices and labour values, Alejandro Valle Baeza Wed 03 May 2006, 04:26 GMT
- Re: [OPE-L] Robust correlations between prices and labour values, Jerry Levy Wed 03 May 2006, 13:32 GMT
- Re: [OPE-L] Robust correlations between prices and labour values, Alejandro Valle Baeza Fri 05 May 2006, 00:13 GMT
- <Possible follow-up(s)>
- Re: [OPE-L] Robust correlations between prices and labour values, glevy Wed 03 May 2006, 13:52 GMT
- Re: [OPE-L] Robust correlations between prices and labour values, Alejandro Valle Baeza Fri 05 May 2006, 00:16 GMT